Category: Bankruptcy

Can Chapter 13 Bankruptcy Lower Your Car Loan?

Chapter 13 bankruptcy might be a way for you to manage overwhelming debt, including your car loan. By restructuring your debts, Chapter 13 allows you to make more manageable payments over some time. If you're struggling to keep up with high car payments, you might wonder if Chapter 13 can reduce your debt. At Fleysher

The 609 Loophole and Bankruptcy: What To Know

Understanding all your options is crucial when dealing with financial distress or bankruptcy. The 609 Loophole refers to a section of the Fair Credit Reporting Act. It might help you challenge inaccurate or unverifiable information on your credit report. While bankruptcy can impact your credit score, knowing how to navigate these laws can help you

What is a “Preferential Transfer” in Bankruptcy?

As individuals confront financial hardships and contemplate bankruptcy as a solution, it's essential to understand the intricacies and potential pitfalls of bankruptcy law, including terms like "preferential transfer."  At Fleysher Law, we understand that considering to file for bankruptcy can be stressful and unpleasant. We always put the needs of our clients first, exploring all

What is a “Fraudulent Transfer” in Bankruptcy

Understanding how fraudulent transfers are defined and treated in bankruptcy court can be crucial to a smooth and successful bankruptcy case.The following article will help individuals grappling with insurmountable debt understand what fraudulent transfers are, why they are problematic in bankruptcy, and how to avoid those problems. At Fleysher Law, we specialize in representing consumers

What Documents Do I Need to Provide to My Attorney When Filing for Bankruptcy?

When facing financial challenges, seeking the guidance of a bankruptcy attorney is a crucial step toward regaining control of your finances. As you prepare to file for bankruptcy, understanding the documentation required by your attorney can streamline the process and ensure a smoother journey towards debt relief. Below, we’ll explore the essential documents you’ll need

The Importance of Providing Documents to Your Bankruptcy Attorney: A Guide for Clients

In preparing a Ch. 7 or Ch. 13 bankruptcy case, success often hinges on the collaboration between the client and their attorney. While the attorney's legal expertise in bankruptcy law and procedures is essential, the client's willingness and ability to provide the requested documents and information is an equally important component in ensuring a smooth

How Long Does Bankruptcy Stay on Your Credit Report?

Filing for bankruptcy is a big step for anyone struggling with financial difficulties and usually the last resort. It can provide relief from debt but also have long-lasting effects on your credit report. Knowing how long bankruptcy remains on your credit history is needed for planning your financial future. In this guide, we'll explore the

What Are the Pros and Cons of Filing for Bankruptcy?

Thinking about filing bankruptcy is a big decision that is not made lightly. It can offer a way out when you're drowning in debt, but it can also have some pitfalls and unintended consequences if not executed properly with adequate planning. Avoiding these potential pitfalls and unintended consequences is key to a successful bankruptcy that

Who Can Declare Chapter 13 Bankruptcy?

When it comes to managing overwhelming debt, Chapter 13 bankruptcy offers a beacon of hope for many. It's a powerful tool that permits individuals to reorganize their debts. With a firm plan, you will have a path to financial recovery without losing your assets. This type of bankruptcy is not for everyone, though. It requires

Should I File for Bankruptcy or Debt Relief?

Deciding whether to file for bankruptcy or seek debt relief significantly impacts your financial future. Understanding each option's implications on your debts, assets, and credit score is crucial. Bankruptcy can provide a new opportunity for those struggling with debt, but it comes with its own set of challenges and consequences. Debt relief offers an alternative